St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-05-16
On the Chicago Board of Trade Satur-
day Morning The Wheat Market
Opened at &c i-2 fSr June.
1t Then Toa!z a Little Upward Shoot on
Slight Show of Buying by The
Clique Brokers.
As the Session We're on Things Grew
Duller and Dullcr, With No Orders
From Outside.
Transactions in the Financial Circles
Of Wall STRAIGHTFORWARD
Market Review.

CHICAGO, May 1.-THE wheat market
opened al s6lsc for June and for some min
utcs tluctuated between S6ssc and S6Iae and
then took an upward shoot To Stage on lit
lie show of buying by the clique brokers.
In the meantime the long futures were very
weak. August opened nj S3$4c and sold
down 10 S34c. As the session advanced
business became duller and duller There
were no orders from outside, and the whole
day 5 transactions were practically between
brokers. The clique did very little after the
first hour and values consequently moved up
and down with greater freedom. June wheat
sold early as low as S6i4c and us high as
S6iSc, but later transactions were between
S6SSc and S6I2c. The clique did not get
much wheat when the June option got
up 10 SOS and prices were accordingly al
lowed 10 ease of. The crowd was indiSpoSed
To do business to amy great extent, and the
tactics of yesterday failed 10 work. 1t was
an easy matter for the clique To get wheat
Yesterday and the weaker the market the
work OF the last five minutes of the after
noon session, when prices were run up l2c,
had frightened the bearShly inclined and
they were afraid 10 go short of the market
just before the close at l o'clock. Irwin
Green came and bought June wheat freely.
The crowd got very nervous, and
all or nearly all, of the shorts com
menced covering. June wheat was run
up 10 SIC. where II CIOSSNl. NOIu OpCItu
rather easier than Yesterdays close. July
started lSc easier AT 4lc, and held steady
around 4O7S and lie. Several times II broke
10 i0S42 during h morning, but good buy
lug invariably brought il back again to lose,
nj which figure il closed. Provisions were
very duh and weak all day, though opening
prices were shade stronger than yesterday.
July lard sold from S1.12l2 down 10 SI.62l2,
and July ribs down 10 ST.l2l2. There was
no unusual selling, but all pork product
hrp l-.A is Vt.ir however
recovered somewhat toward the close, July
500.
THE QUOTATIONS..
The leading futures ranged rs follows:
WLeat-No May, Soc, closing at S3i2c
June, s6l2c, closing at SIC; July, S3!sc,
closing ut S5Ssc; August, S3s4c, closing
nj S35Sc. Cor-No. > May, 3SSsc, closing
At 3Sc; June, 39Ac, closing at SOC;
July, lie, closing at 4o7sc; August, 42lsc
closing at 42c. Oats-No. = May, 26hc,
closing at 26l4c; June, 274c, closing at
274c: July, 2Slic.. closing at 2Slsc. Aug
ust, 2634c; closing at 26$4c Mess
sci: June. sd. closing at S2l
La-d-per lC0 lbs. May. $50, closing at
$3.50; June, 1878, closing at $3.50; July,
$3.50, closing at SGD; August, S6.92l2
closing at S6.S2l2. short rihsaper 100 lbs.
S7.32i2. closing at S7.17l2; Aug
ust, S7.49l2, closing at SITE.
Cash quotations were as follows Flour
steady; prices firm; stocks becoming
reduced. Wheat-No. . spring, s5lac;
No. 5 spring, zoe; No red. S6c.
Corn-No. ., 3Sc. Oats-No. =, 26G7 26l4c.
Rye-No. =, 56l2c. Barley-No. >, 57c.
Flax Seed-No. l, S1.l0l2. Prime timo-
thy seed. S1.73. Mess pork, per bbl,S20. 20
@2l. Lard. per 100 lbs, S6.6006. 62l2
Short rib sides, loose. 81; dry sailed shout
ders. boxed, S5.GO@5.70; short clear
sides, boxed. S7.43@7.50. Whisky-Dis-
tillers' finished goods. per gal, S1.10.
Sugars-Cut loaf, Gl4@65sc: graduated, &c;
standard A, 55Sc. Receipts-FIoWr. 10000
bbls; wheat, s54,0O0 bu; corn, $4,000 bu;
oats, 147,OO0T bu; rye, 1000 bu: barley,
IL, 900 bu. Shipments-Flour II. 900 bills;
wheat. 2l2,00O bu; corn, $1,000 bu; oats,
174.0G0 bu: barley. 1900 bu. On the pro-
dUce exchange to-day the butter market was
weak; creamery, 15@19c; dairy, 14@l5c.
EppS 1Oloc